Exploring the Perceptual and Contextual Factors Affecting Retirement Planning among Fisher Folks in the Elmina and Cape Coast Fishing Communities: A Qualitative Approac — Oak Academic Publishing
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Exploring the Perceptual and Contextual Factors Affecting Retirement Planning among Fisher Folks in the Elmina and Cape Coast Fishing Communities: A Qualitative Approac
Institute for Distance and E-Learning, University of Education, Winneba, Ghana
,
Centre for Languages and Liberal Studies, Takoradi Technical University, Takoradi, Ghana
,
Ghana Institute of Management and Public Administration, Accra, Ghana
,
Institute of Work, Employment and Society, University of Professional Studies, Accra, Ghana
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Institute of Work, Employment and Society, University of Professional Studies, Accra, Ghana
The purpose of this qualitative study was to ascertain retirement planning by fisher folks in Elmina and Cape Coast fishing communities in the Central Region of Ghana. Using qualitative research design ed from a phenomenological view, 35 fisher folks were conveniently sampled for the study . These fisher folks comprised fishermen, canoe owners and fishmongers. The semi-structured interview guide was used to collect data from the participants and their respon - ses were audio - recorded, transcribed and analyzed thematically. It was re vealed from the study that most of the fisher folks regarded retirement as a period in which a person is not able to work and this is dependent on the person’s level of strength, age or health condition. It also came to light that retirement planning among fisher folks is affected by factors such as the lack of la bour unions or associations, seasonal conditions, high cost of operation, il legal fishing activities, extravagant spending among fishermen, lack of financial support and the mechanism of demand and supply. It is therefore recommended that an extensive public education programme on retirement planning should be implemen - ted for fisher folks along with the fishing communities. The government, in consultation with the security agencies such as the police and the marine patrol team should come up with stringent measures to deal with individuals that engage in illegal fishing activities that pose a great threat to the livelihood of the indigenous fishermen and the fishing business in Ghana.
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